Resmark Apartment Living to Develop Two Apartment Communities in Chula Vista
- Apr 20, 2012
Resmark Apartment Living, a division of The Resmark Companies, has teamed up with ColRich to develop two apartment communities in southern San Diego County. Located in the Eastlake master-planned community in Chula Vista, the 19.6-acre development site is just south of the Olympic Parkway and Wueste Road intersection adjacent to Otay Lake. Construction began in January 2012, and the two apartment communities are expected to be completed in October 2013.
The natural topography of the site allows the development of two adjacent neighborhoods. On the western 9.5 acres, plans call for 209 residences developed as 158 two-story townhomes and 60 units in a triplex plan. Over on the 10.1-acre eastern site, a total of 218 units are planned as 158 two-story townhomes and 60 units in a triplex plan.
The triplex buildings will consist of two, two-story townhomes and a carriage style unit in the rear. The residences will range in size up to 1,482 square feet. Amenities for each neighborhood will include a central clubhouse with a fitness center, dining rooms, entertainment spaces, a yoga studio, children’s play area and an outlook pool with lounging deck overlooking Otay Lake.
The apartment communities will be managed by Lincoln Property Company, the fourth largest property manager in the U.S.
Resmark Apartment Living is an active investor and joint venture capital provider in multifamily projects in major metropolitan markets in California and the Western U.S. The company’s multifamily portfolio includes future projects such as a 157-unit townhome rental complex in the Santa Clarita Valley, a joint venture with Archstone.